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the american economy's been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that's also kind of the future for the sellers. you have sites where people can market artisanal gooz, jewelry and clothing. some of them were selling before, but some of them weren't selling anywhere. it's creating new business opportunities, so i think we need policies aimed at creating new jobs, especially middle-scale jobs that people can go into as these other industries fall away, but in general, these sorts of innovations are a good thing. it's good that it's easier for people to buy and sell things, and in general, in the past, the economy has figured out new things for people to do. >> yes, right, so, there's a thing called the lump of labor fallacy, which is this idea that every time there's a new labor-saving device that no one's going to
the american economy's been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that's also kind of the future for the sellers. you have sites where people can market artisanal gooz, jewelry and clothing. some of them were selling before, but some of them weren't selling...
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Dec 10, 2013
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the economy imploded in 2008. people needed help. what we have now is a situation where you have more job applicants than jobs available. >> the ratio is wide. >> what they're going to do to create jobs. >> before you give up the point, let's see what one of your rivals has to say. he explains the reasoning behind the cuts has been misguided. quote, this is paul krugman of the times. the gop answer to the problem of long-term unemployment is to increase the pain of long-term unemployed. cut off benefits and they'll find jobs. how will they find jobs when there are three times as many job seekers as job vacancies? details, details. the unemployment do not -- extended unemployment insurance benefits in the most recent recession prompted some people who otherwise would have dropped out of the workforce to stay a little longer. here we go. ron, this is a basic republican argument. i'm getting back to the politics. why do they say that? why is rand paul -- i know he's an ayn rand conservative. i got to tell you, howard rourke, john gall.
the economy imploded in 2008. people needed help. what we have now is a situation where you have more job applicants than jobs available. >> the ratio is wide. >> what they're going to do to create jobs. >> before you give up the point, let's see what one of your rivals has to say. he explains the reasoning behind the cuts has been misguided. quote, this is paul krugman of the times. the gop answer to the problem of long-term unemployment is to increase the pain of long-term...
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Dec 8, 2013
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." ♪ >>> small businesses are revitalizing the economy and american express open is here to help. that's why we support "your business" on msnbc. >>> hi, everyone, i'm jj ramberg, and welcome to "your business." the show that champions entrepreneurship, encourages customers to shop local, and offers small business owners information and advice to help take their endeavors to the next level. landing a deal with a major corporation is something many entrepreneurs dream of. it can take months or even years to get that contract, but when you do, it's time to celebrate, that is until you realize working with large companies may not be all that it's cracked up to be, and that's why one entrepreneur decided to cut his ties. >> the best thing about it was that roller coaster ride was over. it was a good decision to avoid the big box stores. >> he knows a thing or two about working with big brands. >> the kohls, walmarts, k-marts, jcpennys of the world. we can cut and sew garments, we embroider garments, dye garments, and screen print garments. >> they had contracts with some of the most r
." ♪ >>> small businesses are revitalizing the economy and american express open is here to help. that's why we support "your business" on msnbc. >>> hi, everyone, i'm jj ramberg, and welcome to "your business." the show that champions entrepreneurship, encourages customers to shop local, and offers small business owners information and advice to help take their endeavors to the next level. landing a deal with a major corporation is something many...
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Dec 5, 2013
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the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at low wage work. so you don't have the demand that would spark business investment. >> and the president today i think was making this very practical case, which was interesting, he kept saying it is not ideological, this is actually the thing that is not working. i think that pragmatic argument has been a rising argument in the last few years. >> oh, no, there has been speculation on the right wing, the left wing, the data is out, it is correlated with sluggish growth. that some of the most equal societies in the world actually have the highest economic growth and the more emphasis on education. we taught the nat
the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at...
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Dec 2, 2013
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number of apprenticeships in cornwall has doubled since 2010, which is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the
number of apprenticeships in cornwall has doubled since 2010, which is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to...
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the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on to make obama care a success. joining me is dr. coreyhebert and elizabeth plank, executive social editor at policy mike. it's great to have you both here. elizabeth, in just a few hours policy mike is launching this week-long competition at today's youth summit. tell us about the competition and how you're hoping to engage the conversation about insurance. >> sure. we're really excited to be launching this competition today at the white house. we're going to be inviting millennials from across the country to give their ideas, their proposals and project ideas about
the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on...
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you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the president was talking about income inequality and that is something you're going to be hearing this president talk a lot about during the remaining three years he has in office. he's going to be talking about it in the state of the union speech, for example. he ticked off a number of things he would like to see happen over the next several months. one is a hike in the minimum wage. right now it's $725. he would like to see that around $10. he would also like to see extension of unemployment benefits. both those measures republicans are very cool to right now and indicated they're not going to s
you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the...
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is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the question as to whether even if the health care law seems to be working pretty well and even if the economy comes back, whether this sense of him as a weak president or somebody who was too detached has taken hold and it does divorce him from the forces that are changing the economy. >> fred, when you look at 2014, i know that it's easy to say it's going to be a bad year for the democrats because of health care and the president's job rating. you have this recovering economy. i assume that benefits all incumbent governors first. does it help democrats? >> yes, i do. i t
is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the...
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this is a drag on the economy, but it's not out of choice. the long-term unemployed want to be self-reliant. these benefits -- these aren't european-style benefits, where they're permanent. they're without end. and even there people say, i would much rather have a job than permanent benefits. it's just unclear what kind of labor market rand paul is really talking about if he thinks 26 weeks is enough to get a new job in this economy. >> and the only way you can qualify for unemployment benefits is by working. so this notion that it promotes dependency -- and there's basic elements of economics that the rand pauls do not understand about this. let's listen to what president obama said about how unemployment insurance works in this economy. >> unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. just this week, the nonpartisan congressional budget office predicted that allowing benefits
this is a drag on the economy, but it's not out of choice. the long-term unemployed want to be self-reliant. these benefits -- these aren't european-style benefits, where they're permanent. they're without end. and even there people say, i would much rather have a job than permanent benefits. it's just unclear what kind of labor market rand paul is really talking about if he thinks 26 weeks is enough to get a new job in this economy. >> and the only way you can qualify for unemployment...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, h, wi tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that one. geico anywhere anytime. just a tap away on the geico app. >>> welcome back. president obama gave chris matthews an extended interview on msnbc on thursday. the appearance raised a few eyebrow s and riled up some mea types. >> the american people are good and they are decent. and yes we get very divided partly because our politics and our media specifically tries to divide them. and splint ter them. >> ah, yes, president obama as media critic. i personally love when any president jabs the press because it gets us talking about fairness, both the medias and the administrations. eric dagen is the critic for the np
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, h, wi tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that one. geico anywhere anytime....
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only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> some say president obama who revved up a democratic crowd today that called for lifting up the poor and raising the minimum wage, jim acosta watched it today. >> just as the president is trying to fiction the obama care brand, he is working on the obama brand. it is not just obama care. >>> president obama was on a mission to fire up his base. >> he laid out a decidedly progressive second term agenda. calling for a raise in the money mum wage from $7.25 to $10 an hour. he casted republicans as a scrouge if they stand in the way. >> it will happen if congress does not act before they leave on their holiday vacation. >> sources leaked out new enrollment numbers, some $29,000 signing up in the first two days in december. republicans argue that's not fast enough to enroll the millions of americans who have seen their policies cancel. >> what will these patients and families do when they show up at the hospital or need to reorder a life saving prescription on new year's day
only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> some say president obama who revved up a democratic crowd today that called for lifting up the poor and raising the minimum wage, jim acosta watched it today. >> just as the president is trying to fiction the obama care brand, he is working on the obama brand. it is not just obama care. >>> president obama was on a mission to fire up his base. >> he laid out a decidedly progressive...
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Dec 6, 2013
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and government can't solve all of that and we live in an economy that is global and technological and changing faster than ever before in history but government can't stand on the sidelines when we're doing that and without some faith in our capacity for collection t collective action, government is us. govern's ngovernment's not somebody else. members of congress have the capacity to change it, member as well as the president. >> let's talk about these young people who came here to study government and how it can be run. there's theories about how to become president of the united states. kennedy had direct contact with his cabinet writers and then strong chief of staff, the military command system of general eisenhower as president and of course ronald reagan did it with a superb chief of staff, a strong one, jim baker. zeke emanuel said there should have been a ceo assigned to you with unique responsibility to oversee health care. there wasn't. when secretary sebelius appeared and it was asked who was in charge? and it didn't seem like there was a strong top-down authority system f
and government can't solve all of that and we live in an economy that is global and technological and changing faster than ever before in history but government can't stand on the sidelines when we're doing that and without some faith in our capacity for collection t collective action, government is us. govern's ngovernment's not somebody else. members of congress have the capacity to change it, member as well as the president. >> let's talk about these young people who came here to study...
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the basic bargain at the heart of our economy. this increasing inequality is most pronounced in our country. a child may never be able to escape poverty, because she lacks a decent education or health care. that should offend all of us. what drives me is a grandson, a son, a father, an american, is to make sure that every striving, hard-working, optimistic kid has the same incredible chance that this country gave me. dr. king once said, of all the forms of inequality, injustice in health care is the most shocking. not anymore. if you still don't like obama care, you owe it to the american people to tell us what you are for. not just what you're against. >>> here at 30 rock, we are counting down to tonight's lighting of the famous rockefeller christmas tree. that war on christmas, a lot of hum bug, of course. but as president obama prepares to join in the national tree-lighting on friday, he's got a few other things to attend to. first, including a long list of policy goals that he wants to achieve for the american people. starting
the basic bargain at the heart of our economy. this increasing inequality is most pronounced in our country. a child may never be able to escape poverty, because she lacks a decent education or health care. that should offend all of us. what drives me is a grandson, a son, a father, an american, is to make sure that every striving, hard-working, optimistic kid has the same incredible chance that this country gave me. dr. king once said, of all the forms of inequality, injustice in health care...
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Dec 3, 2013
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now to the economy. a record day for online shop okay this cyber monday, some 131 million americans hit the web for deals. the return, impressive sales topping $2,000,000,000. >> that's encouraging news given the overall holiday sales declined. retail analyst david strausser told ali velshi's re"real money holiday discounts are likely to get bigger in the coming weeks. >> the history of the weekend is it's not always a great indicator of what will happen the rest of the season. this year is different. we are pretty laid in. it's a late thanksgiving, six fewer days between thanksgiving and christmas. there will be a lot of discounting going on. there is a lot of inventory that will get pushed out between now and christmas. >> what does this mean for the country's overall recovery? joining us to talk about cyber monday and its impact on the economy is financial expert phil wahba. >> thank you. >> what do you make of this? anything we can draw from these numbers? >> well, i think consistent with what we saw
now to the economy. a record day for online shop okay this cyber monday, some 131 million americans hit the web for deals. the return, impressive sales topping $2,000,000,000. >> that's encouraging news given the overall holiday sales declined. retail analyst david strausser told ali velshi's re"real money holiday discounts are likely to get bigger in the coming weeks. >> the history of the weekend is it's not always a great indicator of what will happen the rest of the season....
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. >> the other issue obviously is the economy. >> the economy remains the single biggest concern. >> washington consistently failed to act. >> these asperities have become too big to ignore. >> making an action across the board. >> raising minimum wage, assistance to the long-term unemployed. something of a warning call to the american dream. >> it is not simply a moral claim. >> it's rooted in the personal. >> so we can make a difference on this. >> there are 19 shopping days to find health insurance on the government exchange. 29,000 people reportedly completed the application and selected a health plan on the federal exchange on sunday and monday but we don't exactly know how many of them completed the purchase and have paid their first premium. today, president obama told young supporters at the affordable care act youth summit how they can help make health care reform a success. >> the truth is, that for your friends and family, the most important source of information is not going to be me. it's going to be you. they are going to trust you if you're taking them on a website, wa
. >> the other issue obviously is the economy. >> the economy remains the single biggest concern. >> washington consistently failed to act. >> these asperities have become too big to ignore. >> making an action across the board. >> raising minimum wage, assistance to the long-term unemployed. something of a warning call to the american dream. >> it is not simply a moral claim. >> it's rooted in the personal. >> so we can make a difference on...
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economy of a company like boeing making great planes. and they do make great planes. they make the best planes in the world. they have the best aircraft workers in the world in washington. they wanted to re-negotiate a labor contract a couple years ahead of its expiration. the state of washington was willing to give $9 billion in tax incentives, the largest in the history of the state by far to keep boeing there. and it's not like boeing is in debt. $4 billion in profits last year. good stock price, all of those orders as you indicate, and what i see this becoming, unfortunately, is a race to the bottom. and that's not a race that we want our workers to be in. that's not ultimately a race that's going to be good for the u.s. economy. >> doesn't question come up about boeing's quality because the work force is there in seattle, all of the infrastructure, when i say infrastructure, i'm talking about all of the guts that are put together to put an aircraft like this together. this is going to have to be major facility construction in these other states that simply can't
economy of a company like boeing making great planes. and they do make great planes. they make the best planes in the world. they have the best aircraft workers in the world in washington. they wanted to re-negotiate a labor contract a couple years ahead of its expiration. the state of washington was willing to give $9 billion in tax incentives, the largest in the history of the state by far to keep boeing there. and it's not like boeing is in debt. $4 billion in profits last year. good stock...
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. avo: thesales event "sis back. drive" which means it's never been easier to get a new 2014 jetta. it gets an impressive 34 highway mpg and comes with no charge scheduled maintenance. and right now you can drive one home for practically just your signature. sign. then drive. get zero due at signing, zero down, zero deposit, and zero first month's payment on any new 2014 volkswagen. hurry, this offer ends december 2nd. for details, visit vwdealer.com today mom? come in here. come in where? welcome to my mom cave. wow. sit down. you need some campbell's chunky soup before today's big game, new chunky cheeseburger. mmm. i love cheeseburgers. i know you do. when did you get this place? when i negotiated your new contract, it was part of the deal. cool. [ male announcer ] campbell's chunky soup. it fills you up right. >>> i've been raped. i've been beaten. i've been rob and stabbed. stabbed in my neck and stabbe
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. avo: thesales event "sis back. drive" which means it's never been easier to get a new 2014 jetta. it gets an impressive 34 highway mpg and comes with no charge scheduled maintenance. and right now you can drive one home for practically just your signature. sign. then drive. get zero due at signing, zero down, zero deposit,...
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there has been a structural shift in the economy. a lot of what people consider to be the good jobs, the full-time jobs for people that aren't as skilled or as educated. those have evaporated. those are the people getting left behind. to find them good jobs that have benefits. those are the people getting left behind. and it's hard to see those jobs in the future that those folks go to. that is the structural strange that's taken place during this recession. not a lot of people have a good melissa, thank you.o about >>> it's been more than 24 hours since the announcement that nelson mandela died. senior foreign affairs correspondent greg palcot has the story. >> reporter: they lit candles and laid flowers in front of his house in johannesburg. the people of south africa mourned and celebrated the father of their country, 95-year-old nelson mandela. >> the world today is lesser without him. >> reporter: the first black president of south africa was praised by the current holder of the office. >> we will always love madiba for teaching
there has been a structural shift in the economy. a lot of what people consider to be the good jobs, the full-time jobs for people that aren't as skilled or as educated. those have evaporated. those are the people getting left behind. to find them good jobs that have benefits. those are the people getting left behind. and it's hard to see those jobs in the future that those folks go to. that is the structural strange that's taken place during this recession. not a lot of people have a good...
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you know that the fastest growing economies on the globe are in africa. south africa is the economy that has been stagnant over the course of the last few years following the recession that all of us are struggling to recover from. i will tell you that over 600 american countries on the ground here in south africa are bullish and optimistic about the future here spent a lot of time talking to both investors and young people who were entering the job market here and they are optimistic about the opportunities, but they know there real challenges particularly around education to make certain there is a sustainable economy and the shared prosperity this this country. >> one of the things i want to do with you, you were talking with andrea off camera and i am glad you brought up the cold war point. history and a reminder of what that -- how frankly we were behind the times as a government when it came to dealing with the anti-apartheid movement back in the 80s and how that should make us think certain things today. >> i think the cold war mentality that andre
you know that the fastest growing economies on the globe are in africa. south africa is the economy that has been stagnant over the course of the last few years following the recession that all of us are struggling to recover from. i will tell you that over 600 american countries on the ground here in south africa are bullish and optimistic about the future here spent a lot of time talking to both investors and young people who were entering the job market here and they are optimistic about the...
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>> president's het care law continues to wreak havoc on american families small businesses and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney addressed that report a few minutes ago. >> our general contractor has stood up a team of experts working already closely with issuers to make sure that every a 34 form past and present is accurate. we believe that and our confident that they will be able to ensure that accuracy in time for the january 1st beginning of coverage. >> peter alexander joins me. peter, it is a new day, new tone and we will hear from the president shortly. in a sense, maybe not the icing on the cake but certainly a show of confidence in the last 24 hours. >> reporter: it is a show of some public confidence right now. it's certainly a new tone,
>> president's het care law continues to wreak havoc on american families small businesses and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney...
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it's going to actually constrict the economy. so all these assaults on government and what the government does are really, you know, efforts to hurt ourselves to constrain it growth. and that's what was so important about the president's speech. he's making clear how we're all better off when we ensure that everyone can reach their opportunity, that everyone can reach their full potential. and i thought that's why i agree with congressman fattah. >> at every level of the country. i'm going to have to leave it there. thank you both for your time. >>> coming up. it's working! new obama care numbers show a surge. and republicans can't take it. so they're recycling their old tactics. >>> plus, get this one. speaker boehner is blaming democrats for obstruction. sounds out of this world, right? well, today a real connection between the party and outer space. >>> and from cutting food stamps to bill o'reilly saying jesus would not be down with welfare. >>> and first dog sunny is making big news today. wait until you see why. the day we
it's going to actually constrict the economy. so all these assaults on government and what the government does are really, you know, efforts to hurt ourselves to constrain it growth. and that's what was so important about the president's speech. he's making clear how we're all better off when we ensure that everyone can reach their opportunity, that everyone can reach their full potential. and i thought that's why i agree with congressman fattah. >> at every level of the country. i'm...
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. to stretch my party budget. but when my so-called bargain brand towel made a mess of things, i switched to bounty basic. look! one sheet of bounty basic is 50% stronger than a full sheet of the bargain brand. bounty basic. the strong but affordable picker upper. bounty basic. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have andr
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. to stretch my party budget. but when my so-called bargain brand towel made a mess of things, i switched to bounty basic. look! one sheet of bounty basic is 50% stronger than a full sheet of the bargain brand. bounty basic. the strong but affordable picker upper. bounty basic. every day we're working to and to keep our commitments....
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it's good for their kids. >> it's good for the economy. >> it's good for the economy and the middle class. >> jared, in minimum wage good for the economy? you're the economist of the three of us. >> sure. very much so in the way that randi was just mentioning. obviously if you're in the bottom, say, third of the income scale, the folks who benefit from minimum wage increases, if they get a raise, if their paycheck goes up a bit, sure they're going to spend it and we're a 70% consumption economy. of course it helps in that regard. i wanted to add something to randi's analysis. it's not just that families will get more money and spend it on things they need. what we saw in the 2000s is that they'll spend more money even if they don't have it and they'll do so through credit. and we have had these massive credit bubbles that have proved to be not only unsustainable but deeply damaging when they bust. so when the economy is growing, if all that growth concentrates at the top, president obama spoke about this eloquently this week. not only is it obviously bad for low income people, but it's un
it's good for their kids. >> it's good for the economy. >> it's good for the economy and the middle class. >> jared, in minimum wage good for the economy? you're the economist of the three of us. >> sure. very much so in the way that randi was just mentioning. obviously if you're in the bottom, say, third of the income scale, the folks who benefit from minimum wage increases, if they get a raise, if their paycheck goes up a bit, sure they're going to spend it and we're a...
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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a lot of people are signing up and economy continuing to strengthen. no wash shutdowns. people trust the president. i am confident the trust numbers will come up and his approval will come up. >> even plus benchmark for health care's success, we are not exactly ambitious. >> is may take until 2017 when the president leaves office. you will see almost every state running their own exchanges and expanding medicate. it will work well then. >> okay. the months ahead, democrats will point to examples of americans having success with the website. republicans will point to continued problems which they will make as personal as possible. something we saw on sunday. >> i have to grab the other day. his wife is expecting a baby at the end of december. they have a cancellation notice. if she has the baby in january, he doesn't know how to pay for it. people who are trying to fight cancer are getting thrown out. as a survivor, you want your focus being on beating the disease. >> to gauge whether healthcare.gov is working, there two things to truly watch for in the next few days and
a lot of people are signing up and economy continuing to strengthen. no wash shutdowns. people trust the president. i am confident the trust numbers will come up and his approval will come up. >> even plus benchmark for health care's success, we are not exactly ambitious. >> is may take until 2017 when the president leaves office. you will see almost every state running their own exchanges and expanding medicate. it will work well then. >> okay. the months ahead, democrats...
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economy is being reconstituted under government control. he can't take time for a meeting in three and a half years with the person implementing it? that is shocking. >> i never agree with robert gibes. he says it's innobody has been fired here, he says he's using her to absorb the heat of this. >> you can look at any president. you look at their calendar, you can see what is important to them. if you don't know about what is going on at that time, look at their calendar, you'll see what their priorities are. in the case of president obama, there is no evidence whatsoever that he is focused or has interest in health care at all. >> great work. we're going to continue to-to-follow it up and see if one white house correspondent asked that question. thank you. peter. >> thank you. >> as always, thanks for joining us. start each day with fox and friends 5:00 to 9:00. see you back here tomorrow night. >>> the o'reilly factor is on. tonight: >> there has got to be someone who can defend christmas with a little more authority. >> over the years we
economy is being reconstituted under government control. he can't take time for a meeting in three and a half years with the person implementing it? that is shocking. >> i never agree with robert gibes. he says it's innobody has been fired here, he says he's using her to absorb the heat of this. >> you can look at any president. you look at their calendar, you can see what is important to them. if you don't know about what is going on at that time, look at their calendar, you'll see...
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wage increase and they spend that money and put it right back into the economy. those are the workers that eat at the establishments they work at. you might think of walmart wokkers buying more goods at walmart so this is a form of economic stimulus, but aside from the economic argument, chris, when half of all american workers make $27,000 or less that is unsustainable for our economy. it's unsustainable for creating a broad, middle class and it's a moral issue as well as an economic issue. >> kendall who is organizing this today was on my program a couple of days ago and he talked about the fact that it was a moral imperative and we heard about it yesterday who was facing a loss of pension, but he sees these issues in those same kind of moral terms and here's something else that kendall fell said to me earlier this week. >> the thing is they work for some of the richest corporations in the world. mcdonald's made about $5.5 billion in profit and that's after they pay all of the bills and pay all of the salaries and these workers, a lot of them are living in home
wage increase and they spend that money and put it right back into the economy. those are the workers that eat at the establishments they work at. you might think of walmart wokkers buying more goods at walmart so this is a form of economic stimulus, but aside from the economic argument, chris, when half of all american workers make $27,000 or less that is unsustainable for our economy. it's unsustainable for creating a broad, middle class and it's a moral issue as well as an economic issue....
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it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on the jobs front. 203,000 jobs were added in november, and the unemployment rate dropped to a five-year low of 7%. kristen welker, good saturday morning to you. what's the white house's take on the latest numbers? >> alex, good morning to you. the white house certainly touting the fact that the unemployment rate at its lowest level in five years. also highlighting the fact that a lot of this job gr
it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans...
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and, more importantly, the long-term uninsured action benefits the economy. it adds $38 billion to the gdp because of multiplier effect of spending. if it is cut off, estimates say you will lose 300,000 jobs in the economy rather than gaining it. this motion going from a year to, going from half a year to a year or maybe a year-and-a-half create as culture of dependency is just ridiculous. what it creates is a culture of people who can actually pay their bills and until they find a job. heather: what about the cost of extending it, katy? that will amount anywhere to 26 and $27 billion? >> right. i think it is really important to point out before we get into the emotional argument of this the taxpayers, the families who are paying for these unemployment benefits, they're also trying to put food on their tables. pay their families, excuse me, taxes come out of their paycheck in order to pay for unemployment benefits. unemployment benefits -- excuse me. excuse me. i didn't interrupt you. you. >> you have been going on for quite a while. >> okay. to finish my poi
and, more importantly, the long-term uninsured action benefits the economy. it adds $38 billion to the gdp because of multiplier effect of spending. if it is cut off, estimates say you will lose 300,000 jobs in the economy rather than gaining it. this motion going from a year to, going from half a year to a year or maybe a year-and-a-half create as culture of dependency is just ridiculous. what it creates is a culture of people who can actually pay their bills and until they find a job....
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there is a lot of debate in general about how it will affect the economy. on the one hand you have fast food workers walking out across the country out of this wendy's here at 11:30 saying they need a raise in their minimum wage to $15 an hour from 7.25. if they were making 7.25 $ and working full time, that is about $15,000 a year. here in new york minimum wage is $8.90, but they are not able to get the full time work. they are capping out at about 35 hours a week. they say $15 is a living wage for them. you have the corporations. that's a non-starter. they will never get a raise like that. it will get passed down to the consumer in terms of higher prices for food. there no hard estimates, but some say the price of a duringer could go from $3 to $3.50. labor economists say that is not that big of a deal for a hamburger. they will pay less for welfare and fast food workers use about $7 billion in welfare and say ultimately if they are making more money, they won't need as much and you will not pay into that system. luke? >> live from brooklyn, thanks for jo
there is a lot of debate in general about how it will affect the economy. on the one hand you have fast food workers walking out across the country out of this wendy's here at 11:30 saying they need a raise in their minimum wage to $15 an hour from 7.25. if they were making 7.25 $ and working full time, that is about $15,000 a year. here in new york minimum wage is $8.90, but they are not able to get the full time work. they are capping out at about 35 hours a week. they say $15 is a living...
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but we're at a point in our economy with income inequality in america. there's a lot of folks out there that flat out need a raise to lift them out of the poverty zone. you know, people in this country right now are not in the library. they're out in the street. and the national fast food strike that unfolded this week in 130 cities across the country, i think, is a message to our congress, you better wake up. the people are way ahead of you on this. fast food workers, what they did, is that they staged -- they staged a massive protest on thursday, calling for a liveable wage. thousands of protests, and roughly 130 cities around the country went on strike to protest the minimum wage, which stands at $7.25 an hour in this country. you know, folks, this is the largest wave of protests in the history of the fast food industry. workers, basically, are fed up. their demands are very simple. he they want to live a decent life while working hard a full-time job. but many are part time that don't qualify for benefits. many of them are just asking for 15 bucks an
but we're at a point in our economy with income inequality in america. there's a lot of folks out there that flat out need a raise to lift them out of the poverty zone. you know, people in this country right now are not in the library. they're out in the street. and the national fast food strike that unfolded this week in 130 cities across the country, i think, is a message to our congress, you better wake up. the people are way ahead of you on this. fast food workers, what they did, is that...
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we'll discuss his pivot from the health care to the economy. and we will talk with new york attorney general eric schneiderman on the multi-million dollar crackdown of jpmorgan and the future of too big to fail. all that when "now" starts right after this. your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> how much longer can fast-food ceos hold the line at $7.25? it's thursday december 5th and this is "now." from houston to kansas city, from chicago to indianapolis, memphis to charlotte, pittsburgh to boston and on over to new york city. fast-food work
we'll discuss his pivot from the health care to the economy. and we will talk with new york attorney general eric schneiderman on the multi-million dollar crackdown of jpmorgan and the future of too big to fail. all that when "now" starts right after this. your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better...
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who think this is a sign that consumer confidence continues to be down and that's a problem for the economy. >> give us a preview of what else you are working on for the program. >> we are going to crunch all of the data that's coming out over the new obamacare website. some 400 changes that were made by programmers and code writers, but there are more changes to come as far as the back end of the site important for insurance companies. wet get into that and talk about what these numbers mean and the way this entire site is heading. >> it's the back end. everything is about the back end. >> just for you, tony harris. >> at the top of the hour right here on al jazeera america. >> a return of a familiar face to the usc football program, jessica taff is here with your supports ted lines. >> a new big man on campus, it seems. usc has named washington steve kar sizi and the trojans are hoping he can turn around the football program like he did for the huskies. he was an assistant with the usc in 2007 and '8 went 6 and 2 after taking over for lane kisin who was fired in september. mean while, tro
who think this is a sign that consumer confidence continues to be down and that's a problem for the economy. >> give us a preview of what else you are working on for the program. >> we are going to crunch all of the data that's coming out over the new obamacare website. some 400 changes that were made by programmers and code writers, but there are more changes to come as far as the back end of the site important for insurance companies. wet get into that and talk about what these...
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. >> if they thought they could control that much of the economy and that much of the policy board, i would see them aiming at that. i think they short term hope that happens. but with 1.5 million people being told they qualify for medicaid, with thousands signing up. with more people signing up for obama care in the last two days than the first whole month of the program, i think the train is out of the station, i think it will be politically influx -- >> rachel, the debate has just changed. you know, when the conversation was only about the inability to get on line, and there was confusion out there, 85% of americans don't need to be concerned with going on line. i will say you have insurance through your employer, nothing is going to change for you. so i think the confusion has really been a detriment. i am from pennsylvania, we don't have our exchange, i probably would have more than two dozen choices. if our governor had cooperated, i think in addition to aetna and in addition to blue cross i would be looking for more solutions. in the end, people say what does it mean to me, i c
. >> if they thought they could control that much of the economy and that much of the policy board, i would see them aiming at that. i think they short term hope that happens. but with 1.5 million people being told they qualify for medicaid, with thousands signing up. with more people signing up for obama care in the last two days than the first whole month of the program, i think the train is out of the station, i think it will be politically influx -- >> rachel, the debate has...
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stimulate the economy. when the tea party doesn't want to compromise and blow things up again the message gets lost in the strum of controversy. >> like what? what's an example of blowing things up. >> everybody knew and i said this on the factor very early on that you weren't going to defund obamacare it wasn't going to happen. >> even though the candidates who had run for office all promised that they would do whatever it took to repeal. >> these are weasels. >> i will agree with you on that. >> but you weren't going to get it done because the power is in the hand of the president. they weren't going to defund, period. so it was a waste of time kind of, but not really because ted cruz then came on the scene. so, it worked to his benefit. i have got to get to bashir. now, this msnbc outfit, they are pretty rough, these guys. they attack you, laura ingraham who we are going to have on later. they attack her in a very personal and vial way. putting that aside, do you understand what the reason is what they a
stimulate the economy. when the tea party doesn't want to compromise and blow things up again the message gets lost in the strum of controversy. >> like what? what's an example of blowing things up. >> everybody knew and i said this on the factor very early on that you weren't going to defund obamacare it wasn't going to happen. >> even though the candidates who had run for office all promised that they would do whatever it took to repeal. >> these are weasels. >>...
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they didn't try to go after the economy. they should have tried to fix the economy. instead they focused time on a broken program by pulling in conservative concepts into a health care plan. >> that's -- >> oh. >> that's the reality. the main fundamental promises. keeping your plan, your doctor, saving $2500 per family per year, not true. you may trust him but you are one of five people in the country that believe him. >> you know me. >> i totally agree. there was over simplification. >> why are you having a hard time admitting it's not true? >> just the individual market there are ebbs and flows. that's natural. not everyone can keep their plan. >> they knew, read the november 2 edition of the wall street journal. they were debating in jewel of 2010 whether to tell the truth. they decided against it. here you are. he could have said it better. could have done this. they knew from the beginning. it was over simplification. absolutely true. >> they crafted the talking points to be that way. don't lie, emily. >> emily? >> i'm not going to agree. >> that's the truth. th
they didn't try to go after the economy. they should have tried to fix the economy. instead they focused time on a broken program by pulling in conservative concepts into a health care plan. >> that's -- >> oh. >> that's the reality. the main fundamental promises. keeping your plan, your doctor, saving $2500 per family per year, not true. you may trust him but you are one of five people in the country that believe him. >> you know me. >> i totally agree. there was...
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the fact is our economy is actually paying for this anyway. why not give people the dignity of a minimum wage increase for $7.13, proposal we have in the congress to $10.10. index to inflation so no longer will we have to engage in this debate about whether our wages are really keeping up with inflation of the economic benefit for us is about $33 billion a year in terms of gdp growth. >> congresswoman, i also just played a bit of speaker boehner's briefing today when he acknowledged a "politico" report by mike allen that republicans are coaching their candidates on how to be more sensitive if they have female opponents. he's trying to coach members of republican caucus to be more sensitive to female and women's issues. do you think that's the problem? >> i think women are sensitive to the fact you can talk the talk but if you don't walk the walk in terms of policies you offer, being nice about it in a sensitive way isn't going to make a difference for women. part of the reason you see that huge divide, what seems like a conversation that shoul
the fact is our economy is actually paying for this anyway. why not give people the dignity of a minimum wage increase for $7.13, proposal we have in the congress to $10.10. index to inflation so no longer will we have to engage in this debate about whether our wages are really keeping up with inflation of the economic benefit for us is about $33 billion a year in terms of gdp growth. >> congresswoman, i also just played a bit of speaker boehner's briefing today when he acknowledged a...
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he is upside down tree 2-1 2-1 people think he's messing up the economy. health care obviously those numbers are low and then you look at congress. a 9% approval rating. that just ain't right. there something wrong with that. >> that's a family cat. >> i talk about it in the book. her mic is not on, exactly. we set it up that way. >> like the show. [laughter] i read about in the book there are two republican parties right now. there is the republican party and wishing to d.c.. it is such, especially if you go -- it's such an ideologically driven party that does not allow a variety of views. i'm not talking about liberal views and conservative views. i'm talking about the variety of views we had for instance when the heritage foundation -- heritage was about education reform and getting a lot of different conservatives together. they would fight like heck about the best way forward on education reform, the best way forward on tax reform. jack kempe would have horrible fights with phil gramm and others and then they would come together and come up with a tax
he is upside down tree 2-1 2-1 people think he's messing up the economy. health care obviously those numbers are low and then you look at congress. a 9% approval rating. that just ain't right. there something wrong with that. >> that's a family cat. >> i talk about it in the book. her mic is not on, exactly. we set it up that way. >> like the show. [laughter] i read about in the book there are two republican parties right now. there is the republican party and wishing to d.c.....
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stimulate the economy. when the tea party doesn't want to compromise and blow things up again the message gets lost in the strum of controversy. >> like what? what's an example of blowing things up. >> everybody knew and i said this on the factor very early on that you weren't going to defund obamacare it wasn't going to happen. >> even though the candidates who had run for office all promised that they would do whatever it took to repeal. >> these are weasels. >> i will agree with you on that. >> but you weren't going to get it done because the power is in the hand of the president. they weren't going to defund, period. so it was a waste of time kind of, but not really because ted cruz then came on the scene. so, it worked to his benefit. i have got to get to bashir. now, this msnbc outfit, they are pretty rough, these guys. they attack you, laura ingraham who we are going to have on later. they attack her in a very personal and vial way. putting that aside, do you understand what the reason is what they a
stimulate the economy. when the tea party doesn't want to compromise and blow things up again the message gets lost in the strum of controversy. >> like what? what's an example of blowing things up. >> everybody knew and i said this on the factor very early on that you weren't going to defund obamacare it wasn't going to happen. >> even though the candidates who had run for office all promised that they would do whatever it took to repeal. >> these are weasels. >>...
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you talked about growing the economy, about ten times in a five minute interview. that really is the challenge, is it not, for both parties? we have all these ideological battles, you look at real wages going down every year since 1973. you look at job growth struggling. that's the real challenge for republicans and democrats moving forward. >> that's why the 47% comments governor romney made so devastating in that campaign, the plans to grow the economy to give people an opportunity to climb the ladder, church hill said the difference between the left and right the left offers the line, the right offers the ladder. for republicans we need to tell a story how you climb that ladder, how you create opportunity, how you come up to the middle class in this country again. and fundamentally important if we're to be successful. >> the book is "the new democrats and return to power." al from thank you so much. we're watching major weather changes moving across the country and it could impact travel. bill karins tracking a serious winter storm. "morning joe" will be right b
you talked about growing the economy, about ten times in a five minute interview. that really is the challenge, is it not, for both parties? we have all these ideological battles, you look at real wages going down every year since 1973. you look at job growth struggling. that's the real challenge for republicans and democrats moving forward. >> that's why the 47% comments governor romney made so devastating in that campaign, the plans to grow the economy to give people an opportunity to...